The FSC introduced a verification system for artificial intelligence (AI)-driven credit scoring model and a security guideline for the use of AI in the financial sector on April 17 with an aim to create a more credible environment for AI usage. These are follow-up measures for the plans to promote AI usage and ensure credibility in the financial sector announced in August 2022. I. Verification System for AI-driven Credit Scoring Model · The verification system will examine whether credit burea...
On GitHub, navigate to the main page of the repository. ; In the left sidebar, under "Reporting", click Advisories. ; Click New draft security advisory to open the draft advisory form. The fields marked with an asterisk are required. ; In the Title field, type a title for your security advisory.
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Previous ; The Chinese Communist Party (CCP) is harnessing modern technology as a means to automate its processes for consolidating and expanding power. The purpose is explicit in the 2017 Action Plan to Promote the Development of Big Data, linking advances in big data to “social governance”, which is the CCP’s pre-emptive process for ensuring state security. Advances in big data provide the CCP with a greater capacity to forecast, identify and assess risks to Party-state security. Their application is also intended to improve the integra ...
Key Findings ; The Chinese government has approved pilot testing of a social credit system that draws upon citizens’ personal data to assign unofficial credit scores, which come with benefits and penalties that private companies and government bureaus manage. The five dimensions of credit score data are “users’ credit history, behavioral habits, ability to pay off debts, personal information, and social networks.” · The algorithms that derive the credit scores are trade secrets, prohib...